Nexo, a digital assets institution providing crypto lending, exchange and storage, has offered its customers in the European Economic Area the Nexo Card, a crypto-backed Mastercard credit card, since April 2022. Cardholders can make purchases using a line of credit of up to 90% of the value of the 65 cryptocurrencies that Nexo users are able to dedicate as collateral.
SEB Kort, a payment card issuer with operations in Nordic countries, will purchase 100% of Germany-based Lufthansa AirPlus Servicekarten for $495 million (€450 million) in cash. The deal is expected to close in the first quarter of 2024. AirPlus had revenues of $255 million (€231 million) last year. Among credit card issuers in Europe, […]
Purchase volume for goods and services tied to Visa, Mastercard, American Express and Diners Club brand credit, debit and prepaid cards issued in Europe reached $4.126 trillion in 2022. This was an increase of 3.6% over 2021 on a local currency basis. Mastercard purchase volume increased 20.7% to $1.806 trillion. Visa purchase volume was down […]
Ubiquity is unusual among customer experience (CX) providers in that its business process outsourcing (BPO) is almost entirely with regulated industries. The company provides outsourced contact center services to fintechs, healthcare providers, insurers and utility companies. Customers include BM Technologies, Current and Q2. The company employees more than 10,000 people and handles 173 million […]
Amadeus has become the world’s largest provider of IT and related services to airlines. Since 2010, the company has also served customers in the hospitality, airport and online travel agency industries.
GTCR and Brookfield Asset Management purchased merchant acquirers Worldpay and Network International.
The company’s software plugs into the IT infrastructure used by its customers.
Valuedynamx connects rewards programs that collectively account for 400 million members to merchants offering rewards or deals.
The top 50 issuers operated from 30 countries. As of December 31, 2022, this group had 1.01 billion payment cards in circulation that generated $3.452 trillion in purchase volume.
Mastercard introduced Multi-Token Network, a service intended to scale and secure digital transactions. It will incorporate previously announced products like Mastercard Crypto Credential. The company says a beta version of Multi-Token Network will be available in the UK this summer. The Bank for International Settlements collaborated with the Bank of England to build a […]
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